上交所：精准对接和支持中小微企业融资需求

Core Viewpoint - The successful issuance of the "Hua'an-Xingtai Leasing-Data Asset Supporting Industrial Park Sci-tech Enterprises Intellectual Property Phase II Asset-backed Special Plan" marks the first asset-backed securities (ABS) product in China that supports intellectual property for sci-tech enterprises in industrial parks, with a coupon rate of 1.86% [1] Group 1: ABS Product Development - Xingtai Holdings has issued a total of 5 ABS products with a cumulative scale of 1.783 billion yuan, serving various types of enterprises including small and micro enterprises and sci-tech companies [1] - The ABS products cover diverse asset categories such as intellectual property, technological innovation, and future industries, forming a product matrix that revitalizes various existing assets [1][2] Group 2: Data Empowerment and Risk Control - The "Xingtai Model" utilizes data to create risk profiles for enterprises, helping investors identify risks through a risk control model based on the "Research Value Score" [2] - This model integrates financial resources to provide one-stop ABS financing services, reducing financing costs for enterprises and forming a closed-loop system of "financing services + data empowerment + credit enhancement" [2] Group 3: Intellectual Property ABS Products - Intellectual property ABS products are a hallmark of the "Xingtai Model," transforming patents into development funds and enabling sci-tech advantages to become growth momentum for enterprises [2][3] - As of now, Xingtai Holdings has issued intellectual property ABS products totaling approximately 691 million yuan, allowing nearly 100 sci-tech enterprises to convert over 270 high-value patents into tangible financial resources [3] Group 4: Support for SMEs and Sci-tech Enterprises - The Shanghai Stock Exchange (SSE) has implemented an action plan to support financial innovation in various sectors, including technology finance and inclusive finance, with the "Xingtai Model" being a key example [4] - The SSE aims to enhance the understanding and utilization of asset securitization products among SMEs and sci-tech enterprises, thereby broadening financing channels and supporting technological innovation and industrial development [4]